Those things aren’t mutually exclusive. Yes, they are dumping massive resources into SMIC. Yes, they also want to maintain imperialism over Taiwan, and TSMC is a part of that. Some of it is fear-mongering sure, but China is consistently confrontational in the South China Sea and beyond. There’s a reason they enforce an abrasive naval presence there and continue to press against the Philippines.
Those things aren’t mutually exclusive. Yes, they are dumping massive resources into SMIC. Yes, they also want to maintain imperialism over Taiwan, and TSMC is a part of that. Some of it is fear-mongering sure, but China is consistently confrontational in the South China Sea and beyond. There’s a reason they enforce an abrasive naval presence there and continue to press against the Philippines.
https://www.ft.com/content/b4ee2e18-3256-4371-8369-9a3118959fca